Mutual Life - Life Insurance
Pioneer Mutual Life
more than a century, Pioneer Mutual Life has been helping
people through rough spots on their journey through life.
The mission of PML is to conduct business with integrity and
to provide high-quality insurance and financial services products
that satisfy customer needs in selected markets.
It is the intention of Pioneer Mutual Life Insurance Company
to invest premium income, interest income, and other sources
of cash through various investments in sufficient amounts
to fund the company's benefit payment responsibilities. The
investments purchased are expected to be high quality investments
diversified as to type of security and type of credit with
emphasis on safety and liquidity. Pioneer Mutual abides by
all statutory and/or regulatory rules or guidelines as they
pertain to the invested assets of life insurance companies.
Pioneer Mutual Life - Products for Your Journey
Mutual Life offers you a complete range of productsUniversal
Life, Payroll Deduction Universal Life, Term, Interest Sensitive
Whole Life, Single Premium Life 2, Deferred Annuities and
Change is a natural and accepted part of life. As lifestyles
change, so do your needs for life insurance. This is the beauty
of Pioneer Mutual's Universal Life product, Optimum Plus,
and one of the main reasons for the increasing popularity
of Universal Life among customers of all ages.
Life offers flexibility so you can build for the future while
providing current interest savings and tax benefits. Policy
loans and partial withdrawals are also available. An Optimum
Plus Universal Life policy can service many needs in both
the personal and business insurance markets. (This product
is not available in Texas.)
DEDUCTION UNIVERSAL LIFE
Payroll Deduction Universal Life is a winning combination
for employers and employees. An increasing number of companies
are recognizing the value of payroll deduction programs as
a way to enhance their employees' benefits packages. These
programs are paid for by the employees through the convenience
of payroll deduction. Pioneer Mutual's Payroll Deduction Universal
Life policy provides employees with valuable insurance protection
while satisfying the financial concerns of employers in providing
a broad spectrum of benefits. (This product is not available
Term insurance is just what the name implieslife insurance
coverage for a specific amount of time or term, usually one,
five, 10, 15, or 20 years. Initially, term insurance premiums
are lower than those for a permanent policy such as whole
life. You can buy high levels of protection at a low cost
at a time when your needs are simple.
insurance provides a basic death benefit to your beneficiary.
As your personal situation changes, a term insurance policy
can easily be converted to permanent insurance. Many people
use term insurance to cover mortgages, short-term debt, or
buy-sell agreements, or to provide a large amount of insurance
for a low dollar amount.
SENSITIVE WHOLE LIFE (Current Value Life)
For a growing number of people, the ideal life insurance product
offers traditional guarantees of whole life plus interest-sensitive
cash accumulations. Pioneer Mutual's Interest-Sensitive products
offer some distinct advantages:
provide a guaranteed death benefit through insurance.
allow for a living benefit through the tax-deferred accumulation
of cash values.
Single Premium Life 2 (SPL2) provides the protection of a
guaranteed death benefit through insurance while providing
a living benefit through tax-deferred accumulation of the
Pioneer Mutual's Deferred Annuities are ideal if you're looking
for a worry-free investment opportunity. Deferred Annuities
are an excellent savings vehicle if you wish to accumulate
capital at favorable interest rates with a guaranteed minimum.
Annuity plans offer tax-deferred earnings until withdrawal,
guaranteed safety of premiums, and a high level of flexibility.
They are excellent tools to use for Individual Retirement
Accounts (IRAs) and retirement plans. Deferred Annuities do
not require management by you, thereby eliminating any uncertainty
about renewals or reinvestment.
Single Premium Immediate Annuities are ideal for clients who
want a fixed-income payment. Pioneer Mutual offers a wide
variety of choices regarding plan payout periods.